“The Commission has concerns that the companies concerned may have violated EU antitrust rules that prohibit cartels and restrictive business practices including certain horizontal and vertical restrictions,” the EC said in a statement.
“Unannounced inspections are a preliminary investigative step into suspected anti-competitive practices,” it added. Investigators are looking for evidence of collusion and operating as a “secret cartel” among associated companies.
The 2021 raid targeted French fashion house Pierre Cardin and its licensing and distribution deal with German clothing maker Ahlers. Six months later the commission opened a formal It has been increasingly active in pursuing suspected anti-competitive practices. The price fixing practices fall under the anti-trust regulations that prohibit agreements between companies that distort competition within the single market trading bloc. In recent years, it has stepped up its efforts to enforce rules against curbs on cross-border imports and online sales.linked to the supply of fragrance or fragrance ingredients.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SpaceX, ULA could launch missions for Europe while it waits for its next-generation rocket: reportA new report suggests European Commission tapping Falcon Heavy to launch new Galileo satellites.
Read more »
These 12 digital-health startups could be M&A targets, per DealroomCheck out these 12 digital-health startups that could be acquisition targets in 2023 as founders seek IPO alternatives, according to Dealroom data
Read more »
U.S. tax breaks lure European clean tech companies as E.U. lagsA new U.S. clean energy law offers generous tax credits — up to 40% of costs — in what is a “massive, massive incentive” for E.U. tech companies producing in America, Norwegian CEO says.
Read more »
In defense of Trump, House GOP targets Bragg with a hearing on N.Y. crimeHouse Republicans are staging a hearing Monday in New York in a bid to portray Manhattan District Attorney Alvin Bragg as “pro-crime” and “anti-victim” as he prosecutes Donald Trump on 34 felony charges.
Read more »
Ohio school district allows staff to be armed: 'Our schools will no longer be soft targets'The River Valley Local School District in Marion County, Ohio, implemented a policy that allows teachers and school staff to be armed amid concerns over emergency response time.
Read more »
US helicopter raid in Syria targets an Islamic State leaderA helicopter raid by U.S. forces in northern Syria early on Monday resulted in the “probable death” of a senior leader of the militant Islamic State group, the U.S. military said. The U.S. Central Command said in a statement that the IS leader, who was not named, was “responsible for planning terror attacks in the Middle East and Europe.” Syria's White Helmets, a civil defense group operating in opposition-held areas of northern Syria, said it transported two people wounded during the raid to a local hospital, which later said they had died.
Read more »